New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises an approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.

TSXV:NFG - Post by User

New Found Gold Corp > Sellers

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Comment by Retiredgeoon Jun 30, 2023 11:10am

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Post# 35522283

RE:Sellers

Knowlegable market watchers are expecting this bottom of the mining cycle to break at any time. When it does NFG will be one of many languishing mining and exploration stocks to rapidly appreciate. When that will be and what the catalyst will be no one knows.

I saw the same happen to the oil and gas sector in December of 2020. Athabasca oil bottomed out at $0.12. Two years later it was at $3.41! Baytex was the same story.

I'm not saying that NFG will be a 30 bagger (any time soon) but we can expect it to break old highs. It is just a matter of time and sector rotation.

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